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Goldstocks

Descending Channel for GBR?GBR has seen a parabolic 3000% gain & more since 2018, very odd considering Gold is only up approximately 70% in a similar time frame. I guess gold miners & gold don't necessarily correlate 100%. GBR appears to be trading in a descending channel, and on the RSI there's a noticeable double top / Head & Shoulders, where I have placed the blue human icon represents the head of the H&S. The red arrow on the RSI is possibly a double top. On a long term chart it appears as though the RSI has topped multiple times but the price has continued to rise, thus creating a bearish divergence.
G
by ScotianBot
Gold broke the $2,000 mark and hit all time highGold hit $2,000 an ounce on Tuesday, a milestone that caps a record-breaking rally driven by depressed bond yields and fears over the impact of Covid-19 on the global economy. People tend to hold and buy gold in times of uncertainty just like during the financial crisis which peaked at 2011. The reason is because gold is view as a safe haven because as the world’s earliest form of currency, gold’s physical properties have meant it has long been considered a reliable store of value. It is widely available enough to trade but is in finite supply, so is rare enough to be considered valuable and unlike some metals it is not corrosive, making it durable. Therefore, I usually hold around 10-20% of my portfolio in gold as a hedge incase market becomes too volatile or dips. But instead of buying physical gold, you can buy gold etfs like SPDR Gold MiniShares (GLDM) which has higher liquidity. Gold etfs are also known as paper gold and essentially, the company buy the gold and hold for u at a low cost. You can read up more on it online if you are considering gold in your portfolio.
TVC:GOLDLong
by Trader_hao
2
Long on Common Sense. I Personally don't believe the price of Gold is linked to inflation or the recession. However, you might. So let's see if this reasoning holds up to scrutiny. Let's see if selling at 2k makes sense. Boomer Logic: It happened in the past, there was a recession and then the price of Gold spiked to 2k and then it crashed, so it will happen again. Skeptic: This brings up a very interesting question, was every previous recession followed by 2k price spike and then a crash. Looking at the price history of Gold there is no indication of that. 2k is just a random number pegged to dollar valuation that flucatues with time. So 2k, or any number we peg in our mind to the price of gold in terms of dollars is really insignificant. It would not indicate a reason to sell or even buy. However, you might. Boomer Logic: Well how about inflation, those daaaaaaaaaaaaaam feds are printing so much goddaaaaaamn money! and that's why we all need to sell. Skeptic: Ook so the government is printing lots of money, so wouldn't selling into inflation erase your investment? However, let's pretend selling into inflation makes sense. What is the current inflation rate? The current inflation rate is only 1.6 % at best or maybe 1.7%. No one is going out and spending and working, everyone is afraid of the Ronoa, so how can there be inflation? Inflation is only expected to pick up next year. So selling now means you would be buying into inflation, and thus losing money and a buying opportunity for anyone else. However, you do what makes sense for you. You can sell when you know the economy is heading in the right directions. You won't need some financial fortune teller telling you when to sell. You will feel it in the air, when people have more confidence in government and in the strength of the dollar. You might think that's happening right now, in which case you should sell right away. However if you don't, then you probably shouldn't, and I suspect we won't be there anytime soon. But you do you ;-)
AMEX:GDXLong
by Uhrenmann
GOLD's NEXT POSSIBLE MOVESGold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week probably in the current zone of 1840-1865. 1865 is a strong resistance now followed by 2011 moves. In case if its break the support level of 1840 than there will be more chances that gold will touch the support level of 1820 and adopt the zone between 1820-1795. If Gold leaves this zone of 1795-1820 towards downside, its next target will be 1785-1765 but there is nothing that can stop GOLD's bullish momentum so far. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold .As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by TradingSwirls
GOLD's NEXT MOVEAs we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch the support level of 1770 and adopt the zone between 1745-1780. If Gold leaves this zone of 1795-1815 towards upside, its next target will be 1820-1840. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold .As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by ARsal_KhAnn
GOLD NEXT PROABILITIESAs we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1797 and there are 50% chances of rebound with corrective structure towards buy direction while maintaining the zone between 1795-1815. In case if its break the support level of 1795 than there will be more chances that gold will touch the support level of 1770 and adopt the zone between 1745-1780. I can't confirm that but as the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and Avoid Trading. Comment us if you need any Help
TVC:GOLD
by TradingSwirls
💰 Gold Gettting Close To The Highs. (GLD)💰 LET'S GET INTO SOME GOLD ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐮 Bullish - Weekly Chart - Green Engulfing Candle - 3/3 EMA DOTS Green As of now we are still bullish based off the current indicators status. We need to keep in mind though that we are reaching the top of the expanding channel Resistance levels which is now testing a Resistance level currently. Next you notice we aren't to far away from the next highs of a horizontal Resistance level from previous all time highs range of Resistance. If the old Resistance levels do hold strong eno5i do believe we will get a pullback down to the lower support of the current channel. Gold I do not look as a short term trading plan but more as a long term investment. I'd play the weekly and up on gold. I will be interested in it once we hit the highs and start to shift red on the indicators for a pullback. As of now it has had an amazing push up and congrats to you all that played gold for this time period of the uptrend after that long range of accumulation! 😁👍❤ Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
AMEX:GLD
by UnknownUnicorn2319099
Fosterville South Exploration - A +450% IPO in less than 30 daysWhat an IPO, what a run! The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today. After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money. What about value? Is this stock interesting from a fundamental standpoint? The answer is "I don't know", the lack of information on the company and especially on its structure does not yet, make it a sure bet for the long term.
F
by Lahbabi
GOLD THIS WEEK ANALYSIS.In this analysis we are clearly mentioned that there are two possible trends of gold in this week buy or sell .as we plotted read zone area where we do not put any entry until its break this red zone area is restricted area around (1737 to 1751). 1. now we are going to talk about buy zone where we have two targets or tp,s 1st target is 1767 where i mentioned that at 1767 marked can retest and break again red zone also follows its supports that i mentioned in chart. 2nd target is 1787 . 2. now we are going to talk about sell zone where we have five targets or tp,s. 1st target is 1727 2nd target is 1711 3rd target is 1702 4th target is 1690 5th target is 1669 guys remember one rule clearly whenever market retest and enter in red zone either its from buy or sell area then close all entries and wait until its red zone break again.whenever market break its red zone put your entries again thanks..
TVC:GOLD
by cust9003